Geode Capital Management LLC Acquires 2,740 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Geode Capital Management LLC raised its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 576,084 shares of the financial services provider’s stock after purchasing an additional 2,740 shares during the quarter. Geode Capital Management LLC owned 2.27% of NexPoint Residential Trust worth $25,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of NexPoint Residential Trust by 4.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,530 shares of the financial services provider’s stock valued at $1,256,000 after purchasing an additional 1,100 shares in the last quarter. Jane Street Group LLC boosted its position in NexPoint Residential Trust by 160.3% in the third quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock valued at $2,554,000 after buying an additional 35,741 shares in the last quarter. Virtus Investment Advisers Inc. bought a new stake in NexPoint Residential Trust during the third quarter worth about $735,000. Stifel Financial Corp increased its holdings in shares of NexPoint Residential Trust by 8.3% during the third quarter. Stifel Financial Corp now owns 54,646 shares of the financial services provider’s stock worth $2,405,000 after buying an additional 4,189 shares in the last quarter. Finally, QSV Equity Investors LLC raised its stake in shares of NexPoint Residential Trust by 1.1% in the third quarter. QSV Equity Investors LLC now owns 38,899 shares of the financial services provider’s stock valued at $1,712,000 after acquiring an additional 426 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.00.

NexPoint Residential Trust Stock Down 1.7 %

NYSE NXRT opened at $41.65 on Friday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 2.69 and a beta of 1.40. NexPoint Residential Trust, Inc. has a 52 week low of $28.20 and a 52 week high of $48.37. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a fifty day moving average of $44.72 and a 200-day moving average of $43.31.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The firm had revenue of $64.10 million during the quarter, compared to analyst estimates of $64.69 million. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, equities research analysts forecast that NexPoint Residential Trust, Inc. will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.51 dividend. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 4.90%. The ex-dividend date is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio is currently 116.57%.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.